Global Industrial Hearable Market, By Product (Headsets, Earbuds, Hearing Aids), Type (Ear, In Ear, Over Ear), Communication Technology (Wired Technology, Wireless Technology), End-User (Consumer, Industrial, Healthcare) – Industry Trends and Forecast to 2030.
Industrial Hearable Market Analysis and Size
The rise in demand for wireless headphones and infotainment devices among consumers acts as one of the major factors driving the growth of hearable market. The inclination towards the wireless headphones from wired headphones as the former are enabled with Bluetooth and Wi-Fi technology allowing the users to link their phones to other devices and headsets accelerate the hearable market growth. Consequently, the market is projected to have an accelerated growth pace over the forecast period.
Data Bridge Market Research analyses that the global industrial hearable market which was USD 2,356 million in 2022, is expected to reach USD 7,512 million by 2030, and is expected to undergo a CAGR of 3.8% during the forecast period 2023-2030. This indicates that the market value. “Earbuds” dominates the product segment of the hearable market owing to the growing demand for easy and convenient application. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Industrial Hearable Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Headsets, Earbuds, Hearing Aids), Type (Ear, In Ear, Over Ear), Communication Technology (Wired Technology, Wireless Technology), End-User (Consumer, Industrial, Healthcare)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Fujitsu (Japan), Toshiba Corporation (Japan), Texas Instruments Incorporated (U.S.), Cree LED (U.S.), Aixtron (Germany), Mitsubishi Chemical Corporation (Japan), Eaton (Ireland), Siemens (Germany), Belkin International, Inc (U.S.), Aukey (China), Gizmochina (China), VisIC Technologies (Israel), Koninklijke Philips N.V. (Netherlands), VINA International Holdings LTD. (U.S.), GaN Systems Inc. (Canada), Epigan NV (Belgium) and Navitas Semiconductor Ltd. (U.S.)
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Market Opportunities
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Market Definition
Hearables refer to an electronic device specifically designed for multiple purposes which could range from wireless transmission to communication purposes, medical monitoring and fitness tracking. These devices are featured with biometric, movement, proximity and other sensors allowing them to collect context about user. These devices could be defined as technically advanced electronic devices that could perform multiple purposes such as wireless transmission to communication objectives.
Global Industrial Hearable Market Dynamics
Drivers
- Increase in Need for Health Monitoring Applications
Modern technologies are powerful enough to help doctors and patients facilitate medical care when it comes to chronic disease treatment and monitoring. The reality of modern medicine is that there are many more patients than doctors who are able to help them. The recent pandemic has proven that the world isn’t ready for emergencies of that sort and that there is a global need for qualified doctors. HMS technology can support the medical staff available and lighten the burden.
Moreover, real-time health monitoring systems using IoT can help doctors prioritize patients, and provide urgent care to those who are in the most danger, thereby saving lives and is easy for patients and medical professionals to use the system. This is expected to drive the global hearable market
- Rise in Demand for Smartphones as a Source of Entertainment
New users from rural areas contributed to the rising monthly data usage and smartphones emerged as the primary source of entertainment and productivity. Over the last two years, digital penetration and its crucial impact has witnessed phenomenal growth. Moreover, smartphone brands are offering premium phones, affordable flagships, and mid-range devices with some high-end features and also an unprecedented push for 5G access, better cameras, slimmer designs, and contemporary ergonomics which is having an impact on the hearable market.
Opportunity
- Rise in Demand for Wireless Headphones and Infotainment Devices
Furthermore, the increase in demand for digital maturity extends profitable opportunities to the market players in past few years. Additionally, the advent of artificial intelligence, automation, and facial recognition technologies will further expand the future growth of the global hearable market.
Restraint/Challenge
- Rise in Concerns Regarding the Adverse Effect on Hearing Ability
Wireless Headphones include features such as stereo headsets, mono headsets, and adjustable headbands. Wireless Headphones sales are being driven by strong trends in the audio/video electronics sector, which is being supported by rising consumer demand for infotainment and communication devices globally. The market is being driven by the growing adoption of wireless earbuds among consumers for improved audio quality, rising internet penetration, multitasking while listening to music, and advancements in mobile technology, culminating in the creation of smart and user-friendly devices
This global industrial hearable market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hearable market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In April 2023, Sennheiser announced the evolution of wireless multichannel audio systems. This allows more audio channels to be packed within a small block of RF spectrum, such as a vacant TV channel. In addition, this helps the company in attracting new customers and accelerate the revenue growth for the company
- In February 2023 Philips announced the launch of new Hi-Res wireless headphones featured with Bluetooth 5.3 along with Auracast and LE audi. This will help the company to diversify the product portfolio and enhances the market share for the headphones
Global Industrial Hearable Market Scope
The global industrial hearable market is segmented on the basis of product, type, communication technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications
Product
- Headsets
- Earbuds
- Hearing aids
Type
- Ear
- In Ear
- Over Ear
Communication Technology
- Wired Technology
- Wireless Technology
End-User
- Consumer
- Industrial
- Healthcare
Global Industrial Hearable Market Analysis/Insights
The global industrial hearable market is analysed and market size insights and trends are provided by country, product type, type, communication technology and end-user as referenced above.
The countries covered in the hearable market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
North America accounted for the largest market share due to the increased spending capacity of the consumers for smart electronics which is augmenting the demand of global industrial hearable market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Industrial Hearable Market Share Analysis
The global industrial hearable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global industrial hearable market.
Some of the major players operating in the global industrial hearable market are
- Fujitsu (Japan)
- Toshiba Corporation (Japan)
- Texas Instruments Incorporated (U.S.)
- Cree LED (U.S.)
- Aixtron (Germany)
- Mitsubishi Chemical Corporation (Japan)
- Eaton (Ireland)
- Siemens (Germany)
- Belkin International, Inc (U.S.)
- Aukey (China)
- Gizmochina (China)
- VisIC Technologies (Israel)
- Koninklijke Philips N.V. (Netherlands)
- VINA International Holdings LTD. (U.S.)
- GaN Systems Inc. (Canada)
- Epigan NV (Belgium)
- Navitas Semiconductor Ltd.(U.S.)
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